LONG-TERM LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2012

LONG-TERM LIABILITIES

Schedule of long-term liabilities, excluding derivative financial instruments

	June 30,		December 31,
	2012		2011
	(in thousands)
Line of Credit	$	99,500	$	89,500
Convertible debentures	1,636		1,651
Debt collateralized by treasury stock	26		103
Asset retirement obligations	15,526		15,507
Litigation allowance	3,100		3,100
Drilling rig note payable	—		466
	119,788		110,327
Less current portion	2,357		2,831
Long-term portion	$	117,431	$	107,496